(Reuters) – India’s NTPC Green Energy, the renewable energy arm of power producer NTPC climbed 3.24% in pre-open debut trade on Wednesday as traders bet on the country’s growing clean energy needs.
The stock listed at 111.5 rupees ($1.32) on the National Stock Exchange, compared with an offer price of 108 rupees.
NTPC Green had garnered bids worth $1.8 billion in its $1.2 billion IPO last week, and was oversubscribed by more than twice.
($1 = 84.4330 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Varun H K)
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